Well it confirms there’s certainly no capitulation, was just a holder cashing in yesterday.
Thing that stands out to me Super is that even looking at your chart, the SP continues to print lower highs and lower lows. I’m pretty sure if you stuck an 8ema on your chart the SP would be printing below that unfortunately.
So in my opinion you’re looking for the SP to first cross above the 8ema and then head off to attack that bollie median on building volume. In basic TA terms, want to see higher highs and higher lows printing.
Also looking at your chart, there was a breakaway gap closed yesterday
.
Cheers.
HCH Chart, page-1833
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Last
84.5¢ |
Change
0.010(1.20%) |
Mkt cap ! $127.9M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 85.0¢ | 81.5¢ | $217.2K | 261.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7608 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 5660 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| HCH (ASX) Chart |